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the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort of automatic cuts that we see as a sequester, and the tax increases and have a mechanism you can replace them with. listen to the congressional leaders in their photo op in the white house before thanksgiving that they had today. >> we've put revenue on the table, as long as it's accompanied by significant spending cuts. >> we have a cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. >> we fully understand
the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort...
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Nov 16, 2012
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here's speaker boehner on the chances of cutting a deal. here it is. >> if you've looked closely at what the president had to say and look closely at what i have had to say, you know, there are no barriers here to sitting down and beginning to work through this process. >> ruth conniff, i really don't know what that means. do you? >> it makes me nervous because i don't really want to see us moving that close to boehner. and, you know, it's interesting. i talked to economist dean baker, he's the economist in america who showed that the housing bubble was a threat back in 2002. before it actually popped in 2005. he has a lot of credibility. he said the best deal might be no deal. if obama can go into these negotiations and say this fiscal cliff is not going to impact people on january 2nd, it's recessionary, but he could get the two main things he campaigned on, even if there's no deal, which is an instant hike on the very rich and no touching of social security, medicare and medicaid. then the republicans just as e.j. points out would have t
here's speaker boehner on the chances of cutting a deal. here it is. >> if you've looked closely at what the president had to say and look closely at what i have had to say, you know, there are no barriers here to sitting down and beginning to work through this process. >> ruth conniff, i really don't know what that means. do you? >> it makes me nervous because i don't really want to see us moving that close to boehner. and, you know, it's interesting. i talked to economist...
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what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these bounces. >> what a significant pop seeing in the stock market, guys. throw up the dow industrials on an intraday. in fact, throw up all three intraday charts because you're going to see quite a dramatic reversal. the dow industrials up 48 points. highs of the day, again, down 50 to 60 points or so as the wraps wrapping up and positive comments of the leaders in the room with the president today. unless you have a rally on wall street and let's get to washington to the north lawn of the white house where john harwood is. this seemed to go as well as one could hope thus far, at least. >> reporter: i thin
what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these...
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president obama and john boehner almost got a deal in 2011. that's a place to pick up the discussions and i think you saw the president econfident there just winning the election there and house republicans back in the majority in the house and that's the dance to the finish line and i think they will. >> politico talked about whether or not the white house has learned its lesson in going into a room, a bunker, with the speaker, since it didn't work out the way they wanted last time around. do you think the president will be as involved or can he hand this off to someone else to negotiate? >> i think he'll be as involved. i think he'll be involved inside the room and outside of the room. the strategic turn the president made in fall of 2011 after the failure of the talks, he took the case to the public. i don't think he'll stop doing that. he'll try to keep the pressure on say i got mandate to raise taxes for people at the top. if you are willing to accept that, we'll get a deal. >> there code words you'll look for afterwards to see whether or
president obama and john boehner almost got a deal in 2011. that's a place to pick up the discussions and i think you saw the president econfident there just winning the election there and house republicans back in the majority in the house and that's the dance to the finish line and i think they will. >> politico talked about whether or not the white house has learned its lesson in going into a room, a bunker, with the speaker, since it didn't work out the way they wanted last time...
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now, if only john boehner grover norquist and the rest of the mathematically challenged members of the g.o.p. would adjust their focus >> eliot: for the second day in a row violence has escalated. yesterday, israel in response to a reported 1,000 rocket attacks from gaza, this year killed ma has leader jabari. in retaliation hamas fired over 270 rocket into israel killing three. israel responded by bombing suspected rocket launching sites as well as other suspected terrorist sites killing 16. israel has also begun moving troops toward the border and called up 30,000 reservists, muscle flexing to raise the specter of a ground invasion. president obama called benjamin netanyahu to pledge his support and morsi to assert israel's right to condemn itself and president morsi did not agree. saying today and i quote... >> eliot: to discuss the growing violence in gaza, i'm joined by our good friend, recently re-elected congressman jerry nadler of new york. sir, always a pleasure to have you on the show. >> good to be here. >> eliot: this is an escalation and a moment of tension that's unparall
now, if only john boehner grover norquist and the rest of the mathematically challenged members of the g.o.p. would adjust their focus >> eliot: for the second day in a row violence has escalated. yesterday, israel in response to a reported 1,000 rocket attacks from gaza, this year killed ma has leader jabari. in retaliation hamas fired over 270 rocket into israel killing three. israel responded by bombing suspected rocket launching sites as well as other suspected terrorist sites killing...
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john boehner is pulled by two groups. one he does not want to be obstructionist not to allow tax cuts for lower group to go through and doesn't want tax cuts to go through. he is pulled on that side and by his own party. what i hope is that the vast majority of the republicans hold true and if some of the republicans peel off, i would, that would be fine. if they pushed through obama's bill, but i do not want to see them punished. but the republicans need to have this position for 2014 and the rest of 2013 when the economy goes in the garbage dump. republicans are right. bill: two more quick questions on this. >> sure. bill: when these congressional leaders speak, what sort of code words should we be listening for today? >> well i don't know what they would say to each other but on the outside, using the word rates left revenues and that type of stuff are code words especially coming from the president. if he talks about raising revenues and does not insist on it being rates there is a good compromise possible. if he forc
john boehner is pulled by two groups. one he does not want to be obstructionist not to allow tax cuts for lower group to go through and doesn't want tax cuts to go through. he is pulled on that side and by his own party. what i hope is that the vast majority of the republicans hold true and if some of the republicans peel off, i would, that would be fine. if they pushed through obama's bill, but i do not want to see them punished. but the republicans need to have this position for 2014 and the...
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that doesn't seem like it'll be a go for john boehner, does it? >> no, at least at this point it doesn't. after all, the republicans want those tax cuts to continue. that's really the nub of it. how far they'll go, it's a very important meeting. this is really it. this is where the president weighs in. it's mano a mano. the person who's taking a harder stance is mitch mcconnell. let's listen to what he says from the senate side. >> we don't happen to think the government needs more revenue. the government spends too much as it is. if democrats are willing to reduce spending and strengthen entitlement programs, which we all know are on an unsustainable path that threatens our own long-term viability and the economic well-being of our children and grandchildren, then we'll be there. what we won't do is raise tax rates. >> okay. so read the fine print. raise tax rates. now, there's a difference between raising tax rates and raising revenue, making people pay more by doing things which the republicans have suggested like, you know, capping loopholes o
that doesn't seem like it'll be a go for john boehner, does it? >> no, at least at this point it doesn't. after all, the republicans want those tax cuts to continue. that's really the nub of it. how far they'll go, it's a very important meeting. this is really it. this is where the president weighs in. it's mano a mano. the person who's taking a harder stance is mitch mcconnell. let's listen to what he says from the senate side. >> we don't happen to think the government needs more...
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. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that time?
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as...
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boehner. wasn't he tried to get everybody paid off. >> stephanie: from the tobacco companies. >> caller: from the cigarette companies, i mean for years. i've watched politics for years and i mean it was always like a joke two and three years ago always drunk all the time. >> well, yeah. >> caller: you know, a political joke. i've heard people say that. i just want to make a comment. i was watching david schuster the last show, and i can't--i just want to make a comment because i've watched him for years, too. my friend have sisters in college, and i guess he's really popular in dorms. >> stephanie: he's dreamy. >> caller: in dorm rooms. people have pictures of him in their dorm rooms. >> stephanie: really? i can't wait to tease him about that. >> caller: politics, i'm just a housewife, and i hear stories about college but we're not there. >> stephanie: he's like a political geek liker beat. >> like shawn cassidy of the political world. >> caller: they were talking about religion on the last sh
boehner. wasn't he tried to get everybody paid off. >> stephanie: from the tobacco companies. >> caller: from the cigarette companies, i mean for years. i've watched politics for years and i mean it was always like a joke two and three years ago always drunk all the time. >> well, yeah. >> caller: you know, a political joke. i've heard people say that. i just want to make a comment. i was watching david schuster the last show, and i can't--i just want to make a comment...
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that's when speaker boehner spoke. listen to this. >> i believe that we can do this and avert the fiscal cliff that's right in front of us today. >> is this really what led to today's midday turn around, or was it something else? let's talk about that. quincy crosby joins us. mark spellman and kevin carone. quincy, is it that simple? they came out, they used the word constructive, framework, corner stone, all those positive words, and the market took off. >> absolutely. i was watching the body language when they finished up. they walked together. they didn't separate. the market kept making gains. it was that immediate. >> mark, do you agree? >> yeah, i think it was important. we've been looking for good news. the fact that everyone's heels aren't dug in quite as badly, it's good news and what otherwise has been a bad news market. >> kevin, i want to ask you, though, even if we get a deal, okay, great. tick, check. like the elections, check. we've still got a lot of longer-term fundamental problems. i don't know. just
that's when speaker boehner spoke. listen to this. >> i believe that we can do this and avert the fiscal cliff that's right in front of us today. >> is this really what led to today's midday turn around, or was it something else? let's talk about that. quincy crosby joins us. mark spellman and kevin carone. quincy, is it that simple? they came out, they used the word constructive, framework, corner stone, all those positive words, and the market took off. >> absolutely. i was...
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he gave boehner a birthday gift of a bottle of wine. >>> a stunning security breach. mother who crashed through a gate and started driving down an air port runway with her child in the car. >>> the frightening moment a driver plowed straight into a police officer. >>> and the beltway becomes the santa express. how old st. nick took t >>> you ready tonight on news4 at 5:00, we're giving away tickets to hot 99 sold out jingle ball concert featuring justin bieber, casha, flo ridea, and psy gangnam style. look for the secret star of the day, then enter the name on nbc washington for your chance to win. each day we're giving a pair of tickets for vip floor seats. and one winner will get a meet-and-greet with one of the jingle ball artists. >>> in just a matter of hours, the brand-new 495 express lanes will be open to the public. but one very special driver got to take a test run on the new road today. megan mcgrath has more on what the project means for commuters in northern virginia. >> reporter: seeing santa claus apparently has its privileges. jolly st. nick was the fir
he gave boehner a birthday gift of a bottle of wine. >>> a stunning security breach. mother who crashed through a gate and started driving down an air port runway with her child in the car. >>> the frightening moment a driver plowed straight into a police officer. >>> and the beltway becomes the santa express. how old st. nick took t >>> you ready tonight on news4 at 5:00, we're giving away tickets to hot 99 sold out jingle ball concert featuring justin...
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the president gave boehner a bottle of italian wine as a birthday gift. at least they're talking. >> yes. >> for a birthday, you can talk. >> nice sunshine out there today. >> yeah, we needed to see that sunshine. i think we're going to see a similar day tomorrow. if you liked today, you're going to see another one tomorrow. that comes on an all-important weekend. look outside right now. what you're seeing out there is a pretty nice night. yes, it's on the cool side. you'll need the jacket as you step outside, but other than that, not bad at all. you can deal with the chill. it's going to be a nice evening. 47 degrees the current temperature at the airport. winds out of the north about 7 miles per hour. that breeze, we'll call it a breeze instead of a wind, but that breeze will make things feel a little bit cooler. 37 down towards culpepper. 39 in gaithersburg. temperatures are going to fall fairly quickly now as the sun has gone down. expect to see chilly numbers when you wake up tomorrow morning. no rain on the radar. not rain down to the south, just gr
the president gave boehner a bottle of italian wine as a birthday gift. at least they're talking. >> yes. >> for a birthday, you can talk. >> nice sunshine out there today. >> yeah, we needed to see that sunshine. i think we're going to see a similar day tomorrow. if you liked today, you're going to see another one tomorrow. that comes on an all-important weekend. look outside right now. what you're seeing out there is a pretty nice night. yes, it's on the cool side....
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not the president who is the problem it's john boehner's lack of control of his own party. jon: you hear john boehner telling the president to show some leadership. >> i hope he goes to his caucus and is able to corral them. >> if you want economic growth you lower taxes. jon: julie and monica, thank you. >> thank you. jon: and we'll be right back. [ man ] ring ring... progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. jon: a fox news alert now on a deadly train crash at a parade honoring our nation's heroes. the images from midland, texas, where police say a freight train slammed into a parade float carrying wounded veterans. four people were killed. more than a dozen others injured. casey seeing fell live in midland, texas, with more on this tragedy. casey? >> reporter: yeah, jon, union pacific railroad spo
not the president who is the problem it's john boehner's lack of control of his own party. jon: you hear john boehner telling the president to show some leadership. >> i hope he goes to his caucus and is able to corral them. >> if you want economic growth you lower taxes. jon: julie and monica, thank you. >> thank you. jon: and we'll be right back. [ man ] ring ring... progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it...
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. >> john boehner, he has a waxy quality. >> reporter: now, madame tussauds wax museum says stephen colbert will be on permanent display. but the media worries that global warning will steve the stephen colbert figure melted on the floor. >>> prescription for success tonight. a new book out called life code, the new rules for winning in the new world. dr. phil spoke about his inspiration on 9 news at noon today. >> from time to time, i get people coming at me and my family, trying to exploit us, trying to use us, trying to abuse us. and then i thought, you know what? i'm going to look at the pattern and see if there's a consistency here of who it is that comes after us, are there commonalities among these people and commonalities among what they do. and i was overwhelmed when i looked at all of the people over the years, how common they were in terms of their characteristics and their tactics, what they did. >> don't forget, you can watch dr. phil every day here at 4 p.m., right before 9 news at 5. >>> coming up, why the lead singer of poison was at an area store today. >>> up next, an exhi
. >> john boehner, he has a waxy quality. >> reporter: now, madame tussauds wax museum says stephen colbert will be on permanent display. but the media worries that global warning will steve the stephen colbert figure melted on the floor. >>> prescription for success tonight. a new book out called life code, the new rules for winning in the new world. dr. phil spoke about his inspiration on 9 news at noon today. >> from time to time, i get people coming at me and my...
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we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with increasing tax rates, although perhaps closing some loopholes to raise some revenue, and even though there's a lot of kind of kumbaya going on here, suzanne, there's still a lot of tough work that needs to be done. they're still maybe punting on some of the important issues like tax reform and entitlement reform, but they'll be dealing with the fiscal cliff here in the near term. >> it's probably difficult to tell, but we see these pictures, and it's very common, right? you get about 30 seconds to see them all in a room together. they're patting each other on the back, smiling, and shaking hands, that kind of thick. do we have any sense of whether or not there were any different kind of tone or language when they were meeting behind closed doors that gives us a sense that maybe this is real? >> you know, i think, oh, to be a
we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with increasing tax rates, although perhaps closing some loopholes to raise some revenue, and even though there's a lot of kind of kumbaya going on here, suzanne, there's still a lot of tough work that needs to be done. they're still maybe punting on some of the...
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house speaker john boehner says he thinks they will have a solution before the end of the year. >>> and there are new details about the woman, jill kelley, at the center of the scandal that brought down general petraeus. jill kelley's connections went beyond the social elite and tampa, all the way to the white house. >> reporter: their families toured the white house on november 4th, two days before general james clapper, the director of national intelligence was even told about the petraeus scandal. jill kelley mentioned the visit in an e-mail, saying i was at the white house with my friends in the administration this weekend. the stress was surreal. white house officials say the jill kelley sisters were invited by a staffer who may have met at the air force base. jill kelley was bipartisan in her out reach, she and her sister dropped in on a fundraiser for marco rubio two years ago, they did not pay, sources said, just arrived and soon left. in an e-mail last march, jill kelley said she was trying to stop a local jock from carrying out a threat to deep fry the quran, saying i have an
house speaker john boehner says he thinks they will have a solution before the end of the year. >>> and there are new details about the woman, jill kelley, at the center of the scandal that brought down general petraeus. jill kelley's connections went beyond the social elite and tampa, all the way to the white house. >> reporter: their families toured the white house on november 4th, two days before general james clapper, the director of national intelligence was even told about...
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house speaker john boehner. >> i outlined a framework that deals with reforming our tax code and reforming our spending. i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> of course, the interview that we had, carl quintanilla and i had on "squawk on the street" with senator kent conrad, the outgoing chairman of the senate budget committee, suggested a potential compromise on how to get top end tax increases. conrad said it's possible to get the amount of revenue you need. if you keep the top rate at 35%, raise cap gains and dividend rates and cut deductions for the top end. no sign that's going to be embraced in the end but at least it shows there's some bargaining room and space for these two parties to come together, brian. >> john harwood, thank you very much. i'm sure we'll see much more of you from the white house over the next couple of days. maybe even weeks, john. thanks very much. >>> so what exactly is big business' role in all of this? john engler, president of the business roundtable
house speaker john boehner. >> i outlined a framework that deals with reforming our tax code and reforming our spending. i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> of course, the interview that we had, carl quintanilla and i had on "squawk on the street" with senator kent conrad, the outgoing chairman of the senate budget committee, suggested a potential compromise on how...
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boehner appreciates that, dana. just looking at their body language sitting around the table, they're all smiling awkwardly and trying to get along, so hopefully as the morning progresses, you know, the talks will be cordial and arrive at some sort of conclusion. do you have any hopes an actual plan will be developed from this meeting? >> the bright lines over which neither side will cross will likely be established. the players have been very careful not to draw the bright lines in public, for example, the president now publicly at least has made clear that, yes, he promised during the campaign to raise those rates for those families making $250,000 or more but he is also in the next sentence said i am open if anybody has any other ideas to figuring out how to raise other tax revenue in order to achieve his goal which is deficit reduction, about a trillion dollars in deficit reduction. those kinds of lines and paramete parameters. >> dana bash, thank you so much. i know you're busy today. we appreciate you giving y
boehner appreciates that, dana. just looking at their body language sitting around the table, they're all smiling awkwardly and trying to get along, so hopefully as the morning progresses, you know, the talks will be cordial and arrive at some sort of conclusion. do you have any hopes an actual plan will be developed from this meeting? >> the bright lines over which neither side will cross will likely be established. the players have been very careful not to draw the bright lines in...
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dagen: john boehner speaking outside the white house flings by senator harry reid. listen to him. >> our meeting today, what the president called for a fair and balanced approach to show our seriousness we put revenue on the table as long as it is the company for significant spending cuts and we are going to continue the revenue on the table, over my colleagues to show the american people we are serious about cutting spending, solving our fiscal -- i believe we can do this and other the fiscal cliff that is right in front of us today. >> this isn't the first time we have dealt with these issues. we feel we understand what the problem is and we felt very good about what we were able to talk about. we have the cornerstones of being able to work something out. we are both having to give up some of the things we know are a problem and so it is like the point where we all know something has to be done, no other time than to do it now. we feel comfortable with each % other and something we will wait until the last day of december to get done. we will move forward on it an
dagen: john boehner speaking outside the white house flings by senator harry reid. listen to him. >> our meeting today, what the president called for a fair and balanced approach to show our seriousness we put revenue on the table as long as it is the company for significant spending cuts and we are going to continue the revenue on the table, over my colleagues to show the american people we are serious about cutting spending, solving our fiscal -- i believe we can do this and other the...
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you would see mitch mcconnell and john boehner's people sort of drawing their lines in the sand. that's not really happening even though that is sort of by far much sort of bigger story as far as what's going to happen in the country. as far as -- and priority list for both the white house and congress. >> do you think they also get that at the white house? that as long as -- as much as they may be getting hurt or not by the islamist people are talking about benghazi, it enables some room for the white house to get involved in the negotiations as well. >> it allows them to negotiate this without sort of a spotlight on fiscal cliff story which is -- you know, a story that has about six weeks left in it before some -- before taxes go up on everyone and significant spending cuts happen across the country. not just the military. >> you've been covering the hill for awhile in addition to the campaigns. do you get the sense that this will be the time when they say okay, they've reached some agreement on the tax out on the revenue side and republicans eat it a little bit. for people mak
you would see mitch mcconnell and john boehner's people sort of drawing their lines in the sand. that's not really happening even though that is sort of by far much sort of bigger story as far as what's going to happen in the country. as far as -- and priority list for both the white house and congress. >> do you think they also get that at the white house? that as long as -- as much as they may be getting hurt or not by the islamist people are talking about benghazi, it enables some room...
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that could be a negotiating ploy by speaker boehner and the republicans to says look, we have been very reasonable, we put revenues on the table right from the start. if this falls apart it is all on the democrats. that is not a bad negotiating point. it is way too soon-to-be optimistic. ultimately they will avoid the cliff but we do not have good reason today to believe it will happen soon. >>trace: good to see you. chris anchors fox news sunday this week and will talk of the ongoing investigation into the attack in libya with vice chairman of the senate intelligence committee and chairman of the senate homeland committee joe lieberman and the future of the g.o.p. with louisiana governor jindal and wisconsin governor caught walker this weekend on "fox news sunday." now, one of the areas that super storm sandy devastated and police in new york say they are concerned that looting could become a big problem. rick got to fly with cops who are taking measure to keep folks from becoming victims for a second time. he joins us live with the details from queens. how big of a problem is this? ri
that could be a negotiating ploy by speaker boehner and the republicans to says look, we have been very reasonable, we put revenues on the table right from the start. if this falls apart it is all on the democrats. that is not a bad negotiating point. it is way too soon-to-be optimistic. ultimately they will avoid the cliff but we do not have good reason today to believe it will happen soon. >>trace: good to see you. chris anchors fox news sunday this week and will talk of the ongoing...
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boehner has said similar things. the administration seems to be open to perhaps tax rates not going up quite as much as they initially proposed but they're still absolutely insistent on those tax rate increases of some size. there's a lot that has to come together in a short period of time in order to get a deal. it's not impossible. but i think the risk of at least temporarily going over this cliff is significant. >> so, zanny minton-beddoughs says it's not a cliff. it's like a blue slope on a ski slope. christine says it's a cliff like a black diamond. >> big black diamond. >> other people have said it's a gentle slope like a sunny day slope down the hill. what is it, do you think? >> the problem is we're going to start going downhill and not know exactly whether it's a blue slope or a double diamond. you don't know exactly what's ahead of you, because we don't know how quickly a deal will come together. that's the problem. if on january 2nd the leadership of the congress and the president say, don't worry. we've g
boehner has said similar things. the administration seems to be open to perhaps tax rates not going up quite as much as they initially proposed but they're still absolutely insistent on those tax rate increases of some size. there's a lot that has to come together in a short period of time in order to get a deal. it's not impossible. but i think the risk of at least temporarily going over this cliff is significant. >> so, zanny minton-beddoughs says it's not a cliff. it's like a blue...
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boehner and mcconnel and nancy pelosi and harry reed reed. without a deal billions of tax increases go into affect january 1st. and those are your head lines. i would like to be a fly on the wall for that meeting. >> brian: there is shock waves across the markets. coming in way above expectations, remember that explanation. hurricane sandy's fault. everyone gets fired when a hurricane hits? what kind of logic is that. >> a crash scene with a baby girl trapped in the twisted metal. but you haven't seen the hero that jumped inside to save her, he's coming up this hour. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. it's a new way to get cash back deals, and it's called bankamerideals! i sign into my online banking... click the "cash back deals tab"... and pick the deals i want. i just use my bank of america debit or credit card when
boehner and mcconnel and nancy pelosi and harry reed reed. without a deal billions of tax increases go into affect january 1st. and those are your head lines. i would like to be a fly on the wall for that meeting. >> brian: there is shock waves across the markets. coming in way above expectations, remember that explanation. hurricane sandy's fault. everyone gets fired when a hurricane hits? what kind of logic is that. >> a crash scene with a baby girl trapped in the twisted metal....
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two years later, what moment are we in as boehner enters? >> this is a magic moment, i really do. it is a moment when our generation has a chance to do something about this problem that we created. it is our generation that got us into this mess, and we ought to get ourselves out. we got a good chance. you got a second-term democrat president who has come out and said he is willing to put entitlements on the table. big deal. you've got a speaker, a republican speaker, who really gets at, who really understands the depths of the problems we face, and he has come out and said we are going to put revenues on the table. big move. he got at least half the members of the senate already saying they will support a balanced plan, which makes a lot of sense. we have got the business community lined up firmly against -- for doing something smart, and i guess most importantly, we got this fiscal cliff where if we go over it, we are going to face the most predictable economic crisis in history. fortunately for all of us, it is also the most of voidable. this is the magic moment to get somethin
two years later, what moment are we in as boehner enters? >> this is a magic moment, i really do. it is a moment when our generation has a chance to do something about this problem that we created. it is our generation that got us into this mess, and we ought to get ourselves out. we got a good chance. you got a second-term democrat president who has come out and said he is willing to put entitlements on the table. big deal. you've got a speaker, a republican speaker, who really gets at,...
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think there's a possibility on grand bargain issues or is it more likely it will do the job boehner down payment and then set up a process? >> i don't have the answer. my hope is to establish a confidence of the american people that people are thinking it out the best interests of the country, not the short-term political interest is the members or their parties. that's the best thing we can do? in the long run, we're going to fix all these problems because people are going to quit loaning us money. we are going to fix them. the question is how much pain do we go through before refix them and how much straight to the american people have as a result of this delay in the solution for these problems? in now, as a young person today, if you have any knowledge about what's going on in washington and the effect be seriously concerned about your future in terms of your economic future, in terms of your freedom. when the young generation comes into a couple of disappointment, when expectations they thought were there or not there and won't be there in the cities now, you are going to see some a
think there's a possibility on grand bargain issues or is it more likely it will do the job boehner down payment and then set up a process? >> i don't have the answer. my hope is to establish a confidence of the american people that people are thinking it out the best interests of the country, not the short-term political interest is the members or their parties. that's the best thing we can do? in the long run, we're going to fix all these problems because people are going to quit...
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the caucus urges you to join speaker boehner today in the rayburn room at 11:00 a.m. as he honors dr. james billington and his exemplary quarter century of leadership at the library of congress. the speaker pro tempore: for what purpose does the gentleman from new jersey rise? the gentleman is recognized for one minute. >> madam speaker, i rise to congratulate mr. wade martin of montgomery township, new jersey, for being awarded the 2012 land trust alliances prestigious national conservation service award for his significant contributions to the advancement of land conservation. mr. lance: using his position as financial advisor, mr. martin is educating his clients to the benefits of land preservation. his provided land trust and owners across new jersey for the benefit of land conservation. wade martin has taken his innovative land model nationwide to other financial advisors and their clients explore various options in preserving their land and their families' legacies, increasing the pace of land conservation. i ask all of my colleagues to join me in honoring wade
the caucus urges you to join speaker boehner today in the rayburn room at 11:00 a.m. as he honors dr. james billington and his exemplary quarter century of leadership at the library of congress. the speaker pro tempore: for what purpose does the gentleman from new jersey rise? the gentleman is recognized for one minute. >> madam speaker, i rise to congratulate mr. wade martin of montgomery township, new jersey, for being awarded the 2012 land trust alliances prestigious national...